Aurora Cannabis finalizes largest marijuana deal in history

Aurora Cannabis announced today its deal to take over medical marijuana company MedReleaf.

The deal between the two Canadian companies is valued at C$3.2 billion, making it the largest cannabis deal in history.

Aurora Cannabis, which is valued at $4.5 billion, will now offer MedReleaf shareholders 3.575 shares in Aurora in exchange for every share in MedReleaf they return.

"The Transaction brings together two leading operators with a total funded capacity of over 570,000 kg per year of high-quality cannabis, through nine facilities in Canada and two in Denmark," read today's press release.